Hubei Yihua Chemical Industry Co.Ltd(000422) independent directors’ prior approval opinions on matters related to the fourth meeting of the 10th board of directors of the company
Hubei Yihua Chemical Industry Co.Ltd(000422) (hereinafter referred to as “the company”) plans to hold the fourth meeting of the 10th board of directors on April 7, 2022 to consider the proposal on the prediction of daily connected transactions in 2022 and the proposal on the proposed renewal of accounting firm. In accordance with the company law, the standards for the governance of listed companies, the rules for independent directors of listed companies, the Listing Rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board and other laws and regulations, the self regulatory rules and the relevant provisions of the articles of Association Hubei Yihua Chemical Industry Co.Ltd(000422) independent director working system, we are the independent directors of the company, Carefully reviewed the relevant materials of the company’s matters to be considered this time, and based on independent positions and judgments, issued the following prior approval opinions:
1、 Pre approval opinions of independent directors on 2022
Before the fourth meeting of the 10th board of directors, we reviewed the proposal on the prediction of daily connected transactions in 2022 and issued the following prior approval opinions:
1. The related party transactions between the company and its related parties in 2022 are the raw materials, mechanical equipment, chemical products and related services required by the daily production and operation of both parties, which meet the requirements of relevant national laws and regulations and are conducive to both parties to obtain reasonable economic benefits. There is no situation that damages the rights and interests of the company and other shareholders, especially small and medium-sized shareholders.
2. We agree to submit this proposal to the board of directors of the company for deliberation, and ask the board of directors and relevant personnel of the company to implement relevant approval procedures in strict accordance with the requirements of relevant national laws and regulations.
2、 Prior approval opinions of independent directors on the proposal on the proposed renewal of accounting firm
Before the fourth meeting of the 10th board of directors, we reviewed the proposal on the proposed renewal of accounting firm and issued the following prior approval opinions:
1. We have fully understood Daxin Certified Public Accountants (special general partnership) and checked its professional qualification, business ability, independence, integrity and investor protection ability. After verification, we agree to continue to appoint Daxin Certified Public Accountants (special general partnership) as the audit institution of the company in 2022 for one year. The company’s continued employment of Daxin Certified Public Accountants (special general partnership) complies with relevant laws and regulations and the actual situation of the company, and there is no situation that damages the rights and interests of the company and other shareholders, especially minority shareholders.
2. We agree to submit this proposal to the board of directors of the company for deliberation, and ask the board of directors and relevant personnel of the company to implement relevant approval procedures in strict accordance with the requirements of relevant national laws and regulations.
3、 Prior approval opinions of independent directors on the proposal on external guarantee
As an independent director of the company, we have carefully reviewed the relevant materials provided by the company, reviewed the relevant matters of the proposal on external guarantee based on the principle of independent and objective judgment, and issued the following prior approval opinions:
1. The company’s guarantee for Xinjiang Yihua is provided by the shareholders of Xinjiang Yihua according to the equity ratio, that is, the company provides guarantee for Xinjiang Yihua according to the shareholding ratio of 19.9%, and the other shareholder Yichang Xinfa Industry Investment Co., Ltd. provides guarantee for Xinjiang Yihua according to the shareholding ratio of 80.1%. Xinjiang Yihua provides counter guarantee for the company’s guarantee of this bank loan.
2. This guarantee meets the requirements of relevant national laws and regulations and the actual situation of the enterprise’s production and operation activities. The guarantee measures of the shareholders of Xinjiang Yihua in the same proportion are fair and equal. The production and operation of the guaranteed enterprise Xinjiang Yihua is normal and the guarantee risk is controllable. This guarantee is in line with the overall interests of the company and does not damage the interests of the listed company or the interests of the company’s shareholders, especially the minority shareholders.
3. We agree to submit this proposal to the board of directors of the company for deliberation, and ask the board of directors and relevant personnel of the company to implement relevant approval procedures in strict accordance with the requirements of relevant national laws and regulations.
(there is no text on this page, which is the signature page of the prior approval opinions of independent directors on matters related to the fourth meeting of the 10th board of directors of the company)
independent director:
Wu Weirong, Li Qiang, Zhao Yang, Li Qifang
Yang Jilin, Zheng Chunmei, Liu Xinguang, Fu Ming
April 7, 2022
